Ethereum traders prepare for massive volatility as options volume hits record highsBTC $9530 (-0.8%) • ETH $236 (-0.9%) • XRP $0.20 (-0.1%)
Ethereum’s recent really from the lower-$200 region to highs of $245 has allowed it to reverse the immense downtrend it had previously been caught in against its Bitcoin trading pair. It has also sparked a massive increase in ETH options volume on popular platforms like Deribit, with the cryptocurrency’s daily options volume hitting a record high today. This is a sign that traders are anticipating the crypto to make a big movement in the days and weeks ahead. Because Ethereum’s fundamental strength has grown significantly as of late, it is a growing possibility that this next big movement will heavily favor buyers.
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One of the biggest Bitcoin catalysts over the past few months has been the introduction of negative interest rates into economies in Europe and Asia. Featured event
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